NorNic ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About NorNic ApS
NorNic ApS (CVR number: 37818712) is a company from NORDDJURS. The company recorded a gross profit of -14.3 kDKK in 2023. The operating profit was -14.3 kDKK, while net earnings were -18.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4 %, which can be considered poor and Return on Equity (ROE) was -9.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 69.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. NorNic ApS's liquidity measured by quick ratio was 3.3 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 287.25 | 169.29 | 87.36 | 211.20 | -14.31 |
EBIT | 186.63 | 33.02 | -51.93 | 144.96 | -14.31 |
Net earnings | 155.53 | 20.59 | -42.30 | 111.81 | -18.28 |
Shareholders equity total | 276.60 | 186.58 | 144.29 | 256.10 | 137.82 |
Balance sheet total (assets) | 432.23 | 366.40 | 244.73 | 523.90 | 198.01 |
Net debt | - 332.82 | - 240.15 | - 110.92 | - 449.63 | - 159.56 |
Profitability | |||||
EBIT-% | |||||
ROA | 54.8 % | 8.3 % | -17.0 % | 37.7 % | -4.0 % |
ROE | 61.5 % | 8.9 % | -25.6 % | 55.9 % | -9.3 % |
ROI | 71.1 % | 12.1 % | -23.5 % | 60.8 % | -6.3 % |
Economic value added (EVA) | 156.84 | 28.34 | -34.77 | 113.52 | -6.04 |
Solvency | |||||
Equity ratio | 64.0 % | 50.9 % | 59.0 % | 60.7 % | 69.6 % |
Gearing | 6.2 % | 33.5 % | 32.8 % | 11.5 % | 22.5 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.5 | 1.9 | 2.3 | 3.2 | 3.3 |
Current ratio | 2.5 | 1.9 | 2.3 | 2.0 | 3.3 |
Cash and cash equivalents | 349.85 | 302.61 | 158.22 | 479.00 | 190.50 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BB | BB | BBB | C |
Variable visualization
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